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HB 1918 HD1

Hawaii - Session 2026

House in_committee 2026-03-18
Bill Details

Title: Conveyance Tax; Controlling Interest Transfer

Summary

Imposes conveyance tax on the transfer of a controlling interest of an entity with an interest in real property. Stipulates that the imposition of the conveyance tax on transfers of entity ownership shall not apply to any transfer of interest or acquisition between entities wholly owned by the same common ownership that results in no change in the beneficial ownership. Imposes the conveyance tax on certain transfers of real property at the lowest tax rate. Imposes liability on the transferee in the event that the transferor of the controlling interest does not pay the tax due. Effective 7/1/3000. (HD1)

Sponsor
Luke A. Evslin
Official Source Back to Bills
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Actions Timeline
Date Event Detail
0000-00-00 Introduced Bill introduced
2026-03-18 Status in_committee
2026-03-18 Latest Action The committee(s) on WLA recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WLA were as follows: 4 Aye(s): Senator(s) Lee, C., Inouye, Chang, Lamosao; Aye(s) with reservations: none ; 1 No(es): Senator(s) DeCorte; and 0 Excused: none.
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